The president of Fidelity Investments, Peter Jabber, has filed documents for a new bitcoin investment fund for review by the U.S. Securities and Exchange Commission (SEC), according to Forbes.
The Wise Origin Bitcoin Index Fund I, LP was established this year. Its offices are in the same building as Fidelity Investments’ headquarters — in Boston.
So far the fund has no investors, but the minimum investment is $100,000.
The custodian will be Fidelity Brokerage Services LLC. The link between the fund and Fidelity Digital Assets’ unit remains unclear.
In June, Fidelity said that 36% of the 774 major clients surveyed in the US and Europe had already added digital assets to their portfolios. More than a quarter of respondents own bitcoin, and one in nine prefer Ethereum.
Fidelity see bitcoin as ‘an inspiring means of accumulation’ and ‘an insurance policy’ against problems in the traditional financial system.
Previously Fidelity invested in mining company Hut8 and institutional crypto exchange OSL.
Fidelity also uses the liquidity of the ErisX exchange to execute bitcoin purchases and sales on behalf of clients.
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